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God (when i say God, i could very well be refering to Allah/Buddha/Beelzebub or whatever deity you feel free to worship) knows what the hell i'm likely to write in my blog...i've never had a blog before, never really felt the need to have a blog - come to think of it, it's only from shear boredom i'm even creating this monster!
Thursday, September 25, 2003
America currently owes $6,803,794,168,784.52, in otherwords, a hell of a lot of money. (http://www.publicdebt.treas.gov/opd/opdpenny.htm). America owes more money than all of the Third World put together. The difference is this, America can make its repayments, cover the interest, and still afford to do things; the Third World countries have such low GDP that they can neither make the repayments, cover the interest, or afford to survive.
The major problem with all of this is that the American government is deregulating and privatising all of its former businesses, hence, it is losing most of its assets. When you sell off your assets you get money, however, it is merely short term gain. When one owns nothing to make money from, that leaves one with very few options for making money in the future.
The two popular methods favoured by the American government for making money without having any assets are as follows:
1. Loot and plunder; and
2. Tax the people.
You can not continue increasing tax on the people or there is voter backlash, this leaves looting and plundering as the preferred way for making money. Looting and plundering effectively increases the tax base and brings foreign money into the country.
Australia, being a mere lap dog for America, is following in the same footsteps. The government is creating a privatised user pays system. This is most problematic. Australia does not have the initial: resources; population; or freedom from a monarchy to successfully loot and plunder other countries as successfully as America. Furthermore, since the slave trade has been outlawed, and for good reason, Australia does not have the capacity to rise to the top of the world stage through utilising slaves in the same methodology adopted by the Americans. Therefore, increasing the tax base through plundering other countries is not an option. This leaves Australia with the option of taxing the people with ever increasing amounts and joining in all the good wars with our white-is-right-west-is-best-friends with the faint hope that they will recognise our token efforts with a token donation.
Onward [C]hristian [S]oldier!
"We'll roll on with our heads held high
Our conscience in the gutter
Our dreams up in the sky" -- The Living End.
The major problem with all of this is that the American government is deregulating and privatising all of its former businesses, hence, it is losing most of its assets. When you sell off your assets you get money, however, it is merely short term gain. When one owns nothing to make money from, that leaves one with very few options for making money in the future.
The two popular methods favoured by the American government for making money without having any assets are as follows:
1. Loot and plunder; and
2. Tax the people.
You can not continue increasing tax on the people or there is voter backlash, this leaves looting and plundering as the preferred way for making money. Looting and plundering effectively increases the tax base and brings foreign money into the country.
Australia, being a mere lap dog for America, is following in the same footsteps. The government is creating a privatised user pays system. This is most problematic. Australia does not have the initial: resources; population; or freedom from a monarchy to successfully loot and plunder other countries as successfully as America. Furthermore, since the slave trade has been outlawed, and for good reason, Australia does not have the capacity to rise to the top of the world stage through utilising slaves in the same methodology adopted by the Americans. Therefore, increasing the tax base through plundering other countries is not an option. This leaves Australia with the option of taxing the people with ever increasing amounts and joining in all the good wars with our white-is-right-west-is-best-friends with the faint hope that they will recognise our token efforts with a token donation.
Onward [C]hristian [S]oldier!
"We'll roll on with our heads held high
Our conscience in the gutter
Our dreams up in the sky" -- The Living End.
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